Question

In three paragraphs, try to persuade the readers to support the CARES act and cite your sources. Also, write a short counterargument against the CARES act.

Answer 1

The CARES Act provides fast and direct economic assistance for American workers and families, small businesses, and preserves jobs for American industries.The CARES Act provides fast and direct economic assistance for American workers, families, and small businesses, and preserve jobs for our American industries. An individual is eligible for the full $600 weekly payment if the individual receives one dollar ($1) or more in regular unemployment compensation for the week from an individual's home state.The CARES Act automatically adds $600 to unemployment benefit payments for eligible weeks March 29 to July 25, 2020. Pandemic Emergency Unemployment Compensation (PEUC) gives up to 13 more weeks of benefits to those who ran out of regular unemployment and remain out of work. Today, I want to highlight some of the lesser areas of the CARES Act and how they may help you.

$300 Deduction for Charitable Donations

When it comes to charitable donations, you can only deduct them on your taxes if you itemize your deductions. And even if you itemize, you were limited in how much of your cash contributions could be deducted from your income – 60% of your adjusted gross income.As expected, the HEALS Act calls for another round of stimulus check payments. In fact, the direct payments to Americans that the new legislation would authorize are almost the same as the first-round stimulus check payments issued under the CARES Act but there are some important differences.120-Days of Eviction Protection

If you cannot make rent or mortgage payments, the CARES Act suspended eviction proceedings in federally-backed housing for 120 days. The bill was signed into law on March 27th, 2020 so that gives you until protection July 25th, 2020. Since the notice must give you 30 days, that gives you until August 24th.During the 120 moratorium, you cannot be charged late fees or penalties for not paying your rent or paying it late. You are still obligated to pay your rent, the CARES Act just prevents your landlord from evicting you.The CARES Act allows high-deductible health plans (HDHPs) paired with health savings accounts (HSAs) to cover telemedicine free of cost sharing for plan years beginning on or before Dec. 31, 2021. A new safe harbor permits HDHPs to cover telehealth and other remote care services before participants have met their deductible without affecting their eligibility to make HSA contributions.An employee who was laid off by an employer on or after March 1, 2020, can have access to paid family and medical leave in certain instances if rehired by the employer. The employee would have had to have worked for the employer at least 30 days prior to being laid off. This is in addition to paid-leave benefits required under the Families First Coronavirus Response Act.some disadvantages include

Relief more than stimulus.

A Martial Plan, Not a Marshall Plan, for Health Care.

Direct payments may not reach key groups.

Direct payments aren't universal basic income.

Don't Expect Flawless Administration.

A timely expansion of unemployment insurance.

Back to the Future: Net Operating Loss Rules.The CARES Act increases GDP by about 5 percent relative to either recovery unassisted by the CARES Act. The CARES Act was designed and passed to provide relief to households, governments, and businesses impacted by the 2020 coronavirus pandemic.